22 July 2024

Metals One Plc

("Metals One" or the "Company")

Result of AGM

Metals One (AIM: MET1), which is advancing strategic minerals projects in Finland and Norway, announces that at the Annual General Meeting of the Company held at 11.00 a.m. on 22 July 2024, all resolutions were duly passed. The results of the poll, including the proxy voting, will be available shortly on the Company's website at: https://metals-one.com/

Accordingly, each of the previous Ordinary Shares of £0.01 each ("Previous Ordinary Share(s)") will be subdivided into one Deferred Share £0.009 each and one Ordinary Share of £0.001 each ("New Ordinary Share(s)"). Application has been made for the New Ordinary Shares to be admitted to trading on AIM and admission is expected to occur at 8.00 a.m. on 23 July 2024.

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About Metals One

Metals One is developing strategic metals projects in Finland (Black Schist Project) and Norway (Råna Project), with approximately £9 million of exploration carry exposure through a farm-in agreement. Metals One is aiming to help meet the significant demand for strategic minerals by defining resources on the doorstep of Europe's major electric vehicle OEMs and battery manufacturers. Metals One's Black Schist Project in Finland, totalling 706 km² across three licence areas, has a total Inferred Resource of 57.1 Mt nickel-copper-cobalt-zinc and is located adjacent to one of Europe's largest strategic minerals producers, Terrafame. Metals One's fully carried Råna Project in Norway covers 18.14 km² across three contiguous exploration licences, with significant opportunity for exploration of the Råna intrusion, and proven potential for massive sulphide nickel-cobalt-copper mineralisation.

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Nominated Adviser

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.